145 W Main St | Gaylord, MI 49735
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
145 W Main St
Gaylord, MI 49735
Retail Property For Sale
Investment Highlights
- Well positioned in the heart of Downtown Gaylord, the site features plenty of parking with many restaurants and bars.
- Gaylord is a popular tourist destination and area where many people own vacation homes or rent cottages and hotels.
- Located just a few minutes away from downtown Gaylord, Lake Otsego features many vacation homes and rental properties and is a popular destination.
- The retail market in Gaylord features many big box users and national retailers that service the surrounding community within a 30 minute drive time.
- Gaylord is well known as America’s premier summer golf mecca; with 17 golf courses and 21 lodging facilities.
Executive Summary
Mid-America Real Estate - Michigan, Inc is pleased to announce an investment opportunity that is available for sale in Gaylord, Michigan. The asset is a 3 story multi-tenant and mixed-use property that has office, retail and a restaurant.
The property is well situated in the heart of Downtown Gaylord, a popular year-round destination for the local population, tourists, and people who vacation in northern Michigan. The area is home to many local restaurants as well as many national retailers along the Main Street corridor. The property has been improved each year with updates, tenant build-outs, and capital investment by the current owner.
The property is well situated in the heart of Downtown Gaylord, a popular year-round destination for the local population, tourists, and people who vacation in northern Michigan. The area is home to many local restaurants as well as many national retailers along the Main Street corridor. The property has been improved each year with updates, tenant build-outs, and capital investment by the current owner.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
15,840 SF
Building Class
B
Year Built
1984
Price
$1,725,395
Price Per SF
$109
Cap Rate
9%
NOI
$155,285
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.80
Lot Size
0.13 AC
Opportunity Zone
Yes
Zoning
B-1 - B-1
Parking
5 Spaces (0.31 Spaces per 1,000 SF Leased)
Frontage
66 FT on W Main St.
PROPERTY TAXES
| Parcel Number | 101-104-000-070-02 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,074,600 |
PROPERTY TAXES
Parcel Number
101-104-000-070-02
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,074,600
Learn More About Investing in Retail Properties
1 of 6
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
